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In its ongoing commitment to price and external stability, the National Bank of Ethiopia (NBE) has announced that it will conduct its sixth foreign exchange auction on Thursday, May 22, 2025, offering USD 50 million to participating banks.

This move is part of NBE’s bi-weekly foreign exchange auction framework aimed at supporting a more transparent and market-responsive forex system. Banks are invited to submit bids in line with NBE’s established guidelines, with the settlement set for the end of the auction day.

The announcement follows the previous auction held on May 7, 2025, where the weighted average rate of all successful bids stood at ETB 132.9643 per USD. In that round, 16 banks successfully secured foreign exchange allocations, underscoring robust participation and demand.

By maintaining a consistent auction schedule, the central bank aims to reduce volatility, improve forex access for priority sectors, and enhance monetary policy effectiveness.

The results of the May 22 auction will be disclosed shortly after the bid submission period concludes.

 


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The Ethiopian Agricultural Works Corporation has announced that nearly 12 million quintals of fertilizer have already arrived at the port of Djibouti. Of this, more than 11.2 million quintals have been imported and distributed to farmers and semi-pastoralist communities across the country.

According to the Corporation, the latest shipment—carrying 550,000 quintals of Di-Ammonium Phosphate (DAP) fertilizer—docked at the port of Djibouti on the morning of May 10, 2025. The delivery is part of Ethiopia’s broader fertilizer procurement plan for the upcoming crop season, which targets the import of 24 million quintals of fertilizer sourced through international competitive bidding.

The Corporation reported that, as of May 10, a total of 11,964,181 quintals of fertilizer have arrived at the port, with 11,228,142 quintals already cleared and distributed via agricultural cooperatives. This early delivery underscores the government’s commitment to addressing the timely availability of inputs critical to Ethiopia’s predominantly agrarian economy.

Since its establishment, the Ethiopian Agricultural Works Corporation has overseen fertilizer imports in line with national demand assessments conducted annually by the Ministry of Agriculture. The process involves strategic international procurement to ensure that adequate supplies reach farming communities ahead of peak planting periods.


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Addis Ababa is set to host a landmark event from May 15-17, 2025, as the 5th Pakistan-Africa Trade Development Conference (PATDC) and the Made-in-Pakistan Exhibition take center stage at Millennium Hall. This major event, organized by the Government of Pakistan, the Trade Development Authority of Pakistan (TDAP), and the Embassy of Pakistan in Addis Ababa, promises to create a dynamic platform for strengthening economic and trade partnerships between Pakistan and East African nations.

Atif Sharif Mian, Ambassador of Pakistan to Ethiopia, emphasized the importance of this gathering for both Pakistan and East Africa. “With a population of 250 million, Pakistan represents a vast market for African exports, including commodities, agriculture, and goods. Ethiopia, strategically located, serves as the gateway to East Africa and beyond, including Central Asia, Afghanistan, and Western China,” he said. He further highlighted that improved air connectivity, such as Ethiopian Airlines’ flights to Karachi, and the planned shipping line to Djibouti, will enhance regional trade opportunities.

Dr. Jemal Beker, Ethiopia’s Ambassador to Pakistan, echoed these sentiments, pointing to the immense potential for collaboration. “We have already held forums in Pakistan to showcase Ethiopia’s investment opportunities. As the gap between parallel and official foreign exchange markets has narrowed, we see increasing interest from Pakistani investors in Ethiopia,” Dr. Beker noted. He stressed that the event would promote Ethiopia as a business-friendly hub, offering robust investment prospects.

The 5th PATDC will feature over 130 exhibitors from Pakistan, displaying a wide array of products in sectors such as textiles, pharmaceuticals, engineering, food, agro-products, leather goods, and cosmetics. The exhibition aims to foster B2B interactions, with each Pakistani exhibitor set to engage in 9 to 10 meetings with African buyers, laying the groundwork for strong commercial partnerships.

The event will kick off on May 15, 2025, with a high-level conference that brings together government officials, business leaders, and diplomats from Pakistan and East Africa. Discussions will center on strategies for enhancing trade ties, addressing barriers to business, and advancing regional economic integration. The conference will offer a chance for African nations—including Kenya, Uganda, Tanzania, Rwanda, South Sudan, Djibouti, and Somalia—to explore collaborative trade opportunities with Pakistani counterparts.

The exhibition will also offer ample networking opportunities for delegates and exhibitors, facilitating partnerships that could lead to long-term economic growth. To celebrate the strong cultural and commercial ties between the regions, a gala dinner and cultural night will be held, reinforcing the spirit of mutual cooperation.

 

 




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